The Panipat Urban Co-operative Bank Ltd.

OUR  AIM -  CUSTOMERS SATISFACTION  & PROSPERITY OF THE CITY

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The bank has the following deposit schemes
Fixed Deposit  
Recurring Deposit
Monthly Income Deposit
Saving Bank A/C
Current A/C
Fixed Deposit

In this scheme the money can be deposited for a fixed time period of 30 days or more. It can be withdrawn before maturity date. If required the interest on deposited money is payable either monthly/quarterly/half yearly/yearly. The interest rates applicable are as under:

Term (Revised rate of Interest w.e.f  11.07.2009)
30 days to 45 days 4.00%
46 days to 90 days 5.50%
91 days to 180 days 6.50%
181 days & more to less than one year  6.50%
1 year & more to less than 2 years 7.50%
2 year & more to less than 3 years 7.50%
3 years & more to less than 5 years 8.00%
5 years & Above 8.25%
No Interest Premature Payment before 30 Days

For senior citizen  the rate of interest would be 0.50% more than the normal rate of interest.

       Note:-            

The rate of interest on single deposits of Rs. 15.00 lacs & above shall be fixed by M.D. of the bank .  

Recurring Deposit

Recurring deposit account can be opened either with rupees hundred or its multiples in monthly. The amount can be deposited on any working day of the month. The rates of interest are as under:

1 year & more to less than 3 years 7.50%
3 year & more to less than 5 years 8.00%
5 years and Above 8.25%
Monthly Income Deposit

This Scheme facilitates monthly payment of interest on term deposit . This Scheme is useful for the pensioners or retired persons

 
 
 
Saving Bank Account

Saving bank accounts can be opened with, sum of Rs.500/- or more. A credit balance of Rs.500/- should always be maintained.  The interest rate is 3.50%

 
Current A/C

Current accounts are opened with sum of Rs.2000/- or more. A credit balance of Rs.2000/- should always be maintained.

              

LOCKERS FACILITY IS  AVAILABLE AT G.T. ROAD BRANCH

DRAFT  FACILITIES WITHOUT  COMMISSION FOR

ACCOUNT  HOLDERS  !

            LIFE INSURANCE FACILITIES    IS ALSO AVAILABLE AT BANK  PREMISES WITH ING VYSA LIFE INSURANCE CO.

                                                                                                        

BANKER`S CHEQUE / PAY ORDER

Commission For Account Holder      Re 1.00 per thousand (Minimum Rs 10/-)

 

 

 

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